The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1887-03-16
ALL ABOARD FOR ATLANTA.
SOMETHING OF A RAILROAD WHICH WILL
BE BUILT.
The Georgia, Carolina and Northern
Railroad.

A meeting Of the stockholders and friends OF
this contemplated line OF railway was held at
this place last Thursday.
w. II. Parker, ESQ.,, was called 10 the chair,
and business was at once entered Into.
The articles Of consolidation were ratified
without debate and by unanimous vote.
A meeting Of the stock holders and new d.
rsctors will be held at Athens, Ca, on the 7th
Of April next, at which time and place Gen.
Hoke said that the books OF subscription
would be reopened, and the company which
he represents will subscribe ut least one.half
of the capital stock, and the balance would be
subscribed by friendly persons and places
along the line.
The subscription books had been closed
some time since to prevent unfriendly SUBJ
possibly might have Been defeated. ~ r ''
Gen. Hoke made n plain and forcble state
mentof the policy OF the management, which
was indeed gratifying to those whe were pres
ent.
The road Is being rapidly located, and after
the meeting at Athens the construction Of the
road Will be begun at once and pressed rapid
ly forward from both ends OF the line.
1t is the purpose OF the managers to build a
line OF easy grade, not to exceed, II possible,
fifty feet per mile, and as nearly an air line
from the points named In the charter as Ia
possible to construct a road: which Is Intend.
ed to be OF the best material and equipment,
80 that 1t can be operated as successfully at q
schedule Of forty miles per hour as any other
road In the State is now run at thirty miles
u
This line is the shortest that has been or
will ever be built between New York and
New Orleans. and all intermediate points.
The manner In which Gen. Hoke has trans.
to Abbeyille. but to all points interested, that
he Is In earnest, and besides that he Is compe-
tent and Trustworthy.
Abbeville may indulge the hope that her
day Of deliverance Is near at hand.
That our people may better understand the
T stae that the rail-
and Georgia, the whole making a line from
Atlanta through Athens, Georgia, and the
towns of Abbeville, Greenwood. Clinton and
point on the Carolina Central Railroad at OF
near Monroe in North Carolina, have now
been consolidated.
/. The name OF the consolidated road is the
Georgia, Carolina and Northern Railway.
2. All the rights and franchises Of the indi.
vidual or separate roads have been merged in
TO the consolidated road.
9; The number Of Directors is thirteen, viz:
T. E. Mcclure, Chester, g. C.
Julius Mills, Chester, s. C.
W. A. Shand, Clinton, s. c.
w. B. Bell, Clinton, 8. C.
G. A. C. Waller, Greenwood, s. G.
L. w. Perrin, AbbeviIle, 8. {.
w. G. Childs, Columbia, s. C.
A. H. Hodgson, Athens, Ga
A. L. Hull, Athens, Ga.
c. A. Collier, Atlanta, Ga.
r. j. Lowry, Atlanta, Ga.
Hoke Smith. Atlanta. Ga.
4. The following are the first officers Of the
consolidated company:
R. F. Hoke, President.
A. L. Hull, Secretary and Treasurer.
s. Ths annual meeting has been fixed for the
first Thursday in April OF each year.
g. The articles OF consolidation may be
amended by q three-fourths vote OF stockhold-
ers.
Z. The capital stock is one million dollars,
divided into shares nf one hundred dollars.
Stock In new company to be issued in lieu Of
stock In any Of the three companies respec-
lively. The capital stock may be increased TO
six millions.
8. To provide for the completion and equip
ment OF It's line, the company may issue first
mortgage bonds to the amount Of not more
than t,Denty thousand dollars mile, bearing in-
terest Mt not more than five per cent. per an.
mum, payable sem-aunually.
8. The bonds to be secured by mortgage.
10. The business Office shall be In Athens un-
til April, 1889.